Those unfamiliar with repo are sometimes misled by its accounting treatment. Assets sold as collateral in a repo remain on the seller’s balance sheet, even though the legal title to those assets has been transferred.
What are the 5 types of accounts?
The 5 Types of Account Read also : What are 10 assets that make money and can make you rich?.
- Revenue (Revenue)
What are the 6 types of accounts? Common account types include checking, savings, money market, CDs, IRAs and brokerage accounts.
Who maintain cash book?
Petty cash is a person appointed or authorized to make payments of petty cash expenses and record them in the petty cash book. See the article : What are the seven most popular types of martial arts?.
Who prepares a cash book? The cash book is prepared by the business Accountant. A cash book is established as a register in which all cash transactions are recorded by date. It is a book of original entry and final entry.
Why cash book is maintained?
Importance of cash book Keeping a daily record â Transactions (cash receipts and cash payments) are recorded on a daily basis. See the article : What is a good asset?. Easy determination â The transactions that take place on a given date are easily determined.